Crude palm oil futures fall 0.43 pc on muted demand

NEW DELHI, July 13: Crude palm oil prices declined by 0.43 per cent to Rs 486.90 per 10 kg in futures trading today as speculators indulged in trimming positions amid subdued demand in the spot markets against adequate stocks.

At the Multi Commodity Exchange, crude palm oil for delivery in July fell by Rs 2.10, or 0.43 per cent to Rs 486.90 per 10 kg in a business turnover of 111 lots.

Likewise, the oil for delivery in August traded lower by Rs 1.90, or 0.39 per cent, to Rs 480.30 per 10 kg in 106 lots.

Analysts said reducing of exposure by traders owing to slackened demand in the spot market against ample stocks position mainly attributed the slide in crude palm oil prices at futures trade. (PTI)


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